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Bloomberg

Snap CEO Is Crowned the King of Pay for 2017 With $505 Million

May 10, 2018

With a half-billion-dollar pay package for 2017, Evan Spiegel claims the crown of an elite group of corporate leaders.

Spiegel, 27, got the $504.5 million package when Snap Inc., the firm he co-founded in college, went public last year, making him the highest-paid executive of a publicly traded U.S. company, according to the Bloomberg Pay Index.

In the top 10, he’s trailed by people who resemble him, and one another, in several ways. All work in private equity or technology and received compensation exceeding $100 million. Seven founded their firms. Six are billionaires. And, at a time when wage inequality and workplace harassment are at the forefront of America’s public discourse, none are women.

“There aren’t a lot of people who can throw or hit 95-mph fastballs—just like there aren’t a lot of people who can run global multibillion-dollar companies,” said Jan Koors, a senior managing director at Pearl Meyer, a compensation consulting firm. “If you can do that, you can make a lot of money.”